Paylocity Stock Market Value

PCTY
 Stock
  

USD 241.58  4.81  1.95%   

Paylocity Holdings' market value is the price at which a share of Paylocity Holdings stock trades on a public exchange. It measures the collective expectations of Paylocity Holdings Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Paylocity Holdings Corp and determine expected loss or profit from investing in Paylocity Holdings over a given investment horizon. Please check Paylocity Holdings Correlation, Paylocity Holdings Volatility and Paylocity Holdings Alpha and Beta module to complement your research on Paylocity Holdings.
Symbol


Is Paylocity Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paylocity Holdings. If investors know Paylocity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paylocity Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Paylocity Holdings Corp is measured differently than its book value, which is the value of Paylocity that is recorded on the company's balance sheet. Investors also form their own opinion of Paylocity Holdings' value that differs from its market value or its book value, called intrinsic value, which is Paylocity Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paylocity Holdings' market value can be influenced by many factors that don't directly affect Paylocity Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paylocity Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Paylocity Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paylocity Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Paylocity Holdings 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Paylocity Holdings' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Paylocity Holdings.
0.00
07/04/2022
No Change 0.00  0.0 
In 2 months and 31 days
10/02/2022
0.00
If you would invest  0.00  in Paylocity Holdings on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding Paylocity Holdings Corp or generate 0.0% return on investment in Paylocity Holdings over 90 days. Paylocity Holdings is related to or competes with Independence Contract, Schibsted ASA, Informa Plc, New York, and John Wiley. Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-si... More

Paylocity Holdings Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Paylocity Holdings' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Paylocity Holdings Corp upside and downside potential and time the market with a certain degree of confidence.

Paylocity Holdings Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Paylocity Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paylocity Holdings' standard deviation. In reality, there are many statistical measures that can use Paylocity Holdings historical prices to predict the future Paylocity Holdings' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Paylocity Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Paylocity Holdings in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
241.49244.64247.79
Details
Intrinsic
Valuation
LowReal ValueHigh
217.42279.88283.03
Details
Naive
Forecast
LowNext ValueHigh
224.25227.40230.54
Details
12 Analysts
Consensus
LowTarget PriceHigh
206.00285.54355.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Paylocity Holdings. Your research has to be compared to or analyzed against Paylocity Holdings' peers to derive any actionable benefits. When done correctly, Paylocity Holdings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Paylocity Holdings Corp.

Paylocity Holdings Corp Backtested Returns

Paylocity Holdings appears to be very steady, given 3 months investment horizon. Paylocity Holdings Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had 0.14% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Paylocity Holdings Corp, which you can use to evaluate the future volatility of the company. Please evaluate Paylocity Holdings' Semi Deviation of 2.1, risk adjusted performance of 0.1898, and Coefficient Of Variation of 621.38 to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Paylocity Holdings holds a performance score of 10. The company holds a Beta of 1.586, which implies a somewhat significant risk relative to the market. Let's try to break down what Paylocity's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Paylocity Holdings will likely underperform. Although it is vital to follow Paylocity Holdings Corp current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Paylocity Holdings Corp technical indicators, you can presently evaluate if the expected return of 0.43% will be sustainable into the future. Please employ Paylocity Holdings Corp treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price to make a quick decision on whether Paylocity Holdings historical price patterns will revert.

Auto-correlation

    
  -0.3  

Weak reverse predictability

Paylocity Holdings Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Paylocity Holdings time series from 4th of July 2022 to 18th of August 2022 and 18th of August 2022 to 2nd of October 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Paylocity Holdings Corp price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Paylocity Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient-0.3
Spearman Rank Test-0.27
Residual Average0.0
Price Variance61.34

Paylocity Holdings Corp lagged returns against current returns

Autocorrelation, which is Paylocity Holdings stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Paylocity Holdings' stock expected returns. We can calculate the autocorrelation of Paylocity Holdings returns to help us make a trade decision. For example, suppose you find that Paylocity Holdings stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Paylocity Holdings regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Paylocity Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paylocity Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paylocity Holdings stock over time.
   Current vs Lagged Prices   
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       Timeline  

Paylocity Holdings Lagged Returns

When evaluating Paylocity Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paylocity Holdings stock have on its future price. Paylocity Holdings autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Paylocity Holdings autocorrelation shows the relationship between Paylocity Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Paylocity Holdings Corp.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Paylocity Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Paylocity Holdings' short interest history, or implied volatility extrapolated from Paylocity Holdings options trading.

Currently Active Assets on Macroaxis

Please check Paylocity Holdings Correlation, Paylocity Holdings Volatility and Paylocity Holdings Alpha and Beta module to complement your research on Paylocity Holdings. You can also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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When running Paylocity Holdings Corp price analysis, check to measure Paylocity Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paylocity Holdings is operating at the current time. Most of Paylocity Holdings' value examination focuses on studying past and present price action to predict the probability of Paylocity Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Paylocity Holdings' price. Additionally, you may evaluate how the addition of Paylocity Holdings to your portfolios can decrease your overall portfolio volatility.
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Paylocity Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Paylocity Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Paylocity Holdings trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...